Borcea makes 20m euros from fuel transport

Cristi Borcea, a shareholder of Dinamo football club, made a 9.6 million-euro gross profit, i.e. a 47% margin from a company specialising in transportation of petroleum products for big companies in the sector, such as Petrom.
Although market conditions were unfavourable to petrol and diesel oil commerce, with fuel sales down by around 6% last year, the business in which Borcea holds 50%, Transpeco Logistics & Distribution, managed to report a 13% rise, to 20.3 million euros, according to Trade Registry data.
Carrier Transpeco Logistics & Distribution, which in 2009 held a 313-lorry fleet, ranks among the top ten transportation companies in terms of fleet, according to the Romanian Road Transport Authority. The top three rankers are Edy Spedition (controlled by Alin Popa), Transilvania Import Export (a part of Micula brothers’ European Drinks group), and Arabesque (held by the Rapotan family in Galați), with over 500 lorries each.